With a Confidentiality Agreement, a person or a party agrees not to reveal, disclose or share the information that he knows about another person or company. Most of the time, employers ask their employees and consultants to sign a confidentiality agreement. It helps them to secure company secrets and trading information. It is possible that if an employee or a partner leaves the company. They might disclose secret information that they know outside the company. So it is important that the general partner or the employer asks the employees and leaving partners to sign the confidentiality agreement.
Importance of Confidentiality Agreement Templates
There are many things or elements that are important to use in a Confidentiality Agreement. Some of them are more important and crucial to use in this agreement. For example, the first thing you need to make sure of is to understand if you really need this agreement. If you can draft it without any legal assistance from your lawyer or attorney? Second thing is to include the secret information clearly in the agreement. This is the information that you don’t want the other signing party to disclose or reveal outside the company. Another important part of this agreement is to mention the jurisdictions of this agreement. It refers to the area i.e. city or state in which you don’t want the other party to disclose the information. In the same manner, you also need to mention how long you want the other party to keep the information hidden.
Using These Confidentiality Agreement Templates
There are some particular situations in which you or the other signing party doesn’t need to sign the confidentiality agreement. For example, if a person can prove that he knows the information before he signed the confidentiality agreement, he doesn’t need to obey the confidentiality. Another situation is when the other signing party can prove that he learned the secret from outside the company. You can also violate the confidentiality agreement if you can prove that you have heard the SEO or general partner of the company talking about the secret to the journalists and newspapers. Another most common and important reason to ignore this agreement is when a court or a judge orders you to reveal the information and not keep anything secret.
Useful tips for writing a Confidentiality Agreement:
Evaluate if you need legal assistance writing this agreement: Before you draft this agreement, make sure that you understand what to include in it and how to present the information of the content of this agreement. Keep in mind that if you need, you should hire a lawyer to draft this agreement for you.
Include the information that you need the other party to keep secret:
You shall include the secret of your company or trading information that you don’t want the other party to disclose to the public.
Include the specific terms and conditions of the agreement:
Here you need to include the terms, conditions, and clauses of the confidentiality agreement.
Mention the date from which the agreement will be effective: You also need to mention the date from which you want the agreement to be considered effective.
Include the legal reasons to breach the contract: It is also very important to include the situations or specific reasons in which the other signing party has the right or obligation to reveal or disclose the secret information and breach the contract.
Free Confidentiality Agreement Templates
Here is a preview of a Free Sample Confidentiality Agreement Template created using MS Word,
